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Break Up the Banks!

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Today, the six largest banks in America have over $10 trillion in assets, equivalent to 54% of GDP. Bottom line: If a bank is too big to fail, it is too big to exist.
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Текстовые комментарии (108)
Andrew Hoover (8 дней назад)
It's time to hold the banks accountable! We need to investigate them like Iceland and send them to the guantanamo
Reel Tech (13 дней назад)
Has anyone here ever noticed that politicians never, ever, proposed legislation that pays off our bills? I can only think of one guy in history of the Democrat Party that proposed to pay bills for us. And that was our bill from World War II. And he got shot. And to this day... Nobody knows who did it. Coincidence? Here's another good question. And I really hope we can talk about this. Hopefully it's not too soon... in our history books every president has an Administration . But only 1 president has an era. Andrew Jackson. His presidency is known as the Jacksonian era. Why?
Reel Tech (13 дней назад)
It sounds like a lot of wall Street's problems. Particularly the big Banks. Have a problem with debt. Now who do you think is a bigger expert on debt? Bernie Sanders? Or Dave Ramsey? One of those guys has written a book about getting out of debt. And the other one spent most of his life signing people up for welfare.
Reel Tech (13 дней назад)
Actually... Millions of Americans would have kept their homes if Eric Holder would have prosecuted his buddies on Wall Street.
Reel Tech (13 дней назад)
"The last time you guys called me into Congress. You decided to break my company into 32 pieces. But you gave me a piece of every company. The direct result of that was, you guys made me 32 times richer. I never would have thought of that." John D Rockefeller. Testimony of the second congressional hearing on the breaking up of Standard Oil. In America, you can have an idea. You can have an idea that changes the way we live. And sometimes changing the way we live, is very profitable to the person who brought about the change. Henry Ford for example. His greatest contribution to our country, was not the automobile. It was not the assembly line. It was the introduction of a new industry. And with that new industry, education changed. Henry Ford's true genius was that he turned farmers into engineer's. Farmers with less than an eighth grade education. All of a sudden had to understand mathematics. And hydraulics and the inner workings of an internal combustion engine. Those farmers moved America from one Coast to the other. Politicians called this the rustbelt. In Henry's time, it was called the land of opportunity. But Henry gave them money for their accomplishments. He rewarded them with the creation of the middle class. Giving them the ability to buy goods and services. And transport themselves from point A to point B. And those people, the working class, put their money in the bank. And that bank provided them a safe place to store their money. But that security does not come without a price. The ability do complex transactions is usually lost on today's society. And you can see this in the amount of supporters that Bernie Sanders has. It is their inability to do math that Bernie is capitalizing on. You see, and Henry Ford's time people understood that if you did good work, you got good pay. if you were willing to sacrifice your mind your body and your spirit in order to make somebody else's dream come true, yours would come to fruition as well. but because this is America. unlike any other country in the world. You have a choice as to where you put your money. it could be in your mattress. It could be in a tin can. It could be in a bank. Only one out of those three choices is going to be profitable to someone else. But, it is you who makes the decision to make the banker, or Ford Motor Company, to show profits. it is not government's role to legislate profitability. that's not what it was founded to do. Using the government 2 create law limiting anybody's choice or services or care is possible. the ability to amend the Constitution gives it the flexibility we need to continuously grow as a nation. But misusing this power is like using a screwdriver as a pry bar. Sure they look the same, but only one is the appropriate tool for the job. You use a pry bar when you need to pry bar. You use a screwdriver when you need a screwdriver. in this case we have learned from Standard Oil and Bell Industries, that you do not break up a company. You make it easier for others to compete. however, in a capitalist Society, it's not up to the government as to who can use what product. Capitalism is consumer-based. All consumers of race color creed religion are allowed to participate. The market dictates what direction the market is going. This is called Liberty. Totalitarianism in every form hates Liberty. Those of us who have it, aren't going to give it away. In fact, those of us who have Liberty, would encourage those living under totalitarianism, to get some for themselves. It's great...:)
Nige GSX14 (14 дней назад)
Yet another example of a Social Democrat (or Democratic Socialist in Bernie speak) common sense proposal that would help protect the mass of people from the greed of the banking elites.
Colter Arnold (14 дней назад)
break them up. break them up. break them up.
Spiritual Humanist (24 дня назад)
Hey don’t blame Obama he dances, he makes jokes he did everything so you don’t see or feel anything when they do the same thing as before under the Bush or Clinton.
Jacob Serrano (26 дней назад)
It’s time to put a check on this power.
Steel Vendetta (28 дней назад)
Trump's DoJ and major ISPs are ignoring the 10th amendment again and suing California for their net neutrality bill recently passed. Please take these greedy bastards down next Senator Sanders. The unlawful slaughtering of Net Neutrality is just the beginning of major ISPs grand greed plan. We need to stop them before they become to powerful like these big banks. Time is of the essence.
salvador lopez (29 дней назад)
I propose the megabanks donate all residential house holdings to the respective cities in which that real estate exists.
patrick steele (30 дней назад)
Good. Public Banking also needed.
NELLAFEHT (1 месяц назад)
Bernie just wants another piece of the Pie, get that money Bernie!
Infinite Black Cat (1 месяц назад)
I live in Canada we have like 5-6 big banks but they're not holding trillions of dollars over the country each. They're actually not even hugely privatized in the way banks are in America. (We also don't have a wall street).
Fuarian (17 дней назад)
Yes, you are correct. BUT the American economy has an impact on us too. If there's a crash, we will first be affected and then the rest of the world.
Honnes T (1 месяц назад)
hyou zan ren (1 месяц назад)
what can we say?...bankers is part of US oligarch who control goverment by using OUR money!
Brad Kohl (1 месяц назад)
No Sanders NATIONALIZE them we have been trying to regulate for close to 100 years and we always end up in the mess we are in. Its not working. We need to Nationalize Banks including the Fed, we need to Nationalize Healthcare like in 🇬🇧, and we need to Nationalize all energy companies/utilities and then radically switch to green energy.
StealieSteve (1 месяц назад)
Been a credit union member for 30 plus years proudly.
Eusunt Dac (1 месяц назад)
Please share. Thank You.
Dead Parroting (1 месяц назад)
Senator Bernie Sanders - Actually, the "too big to fail" should apply to any corporation: banks, communications, defense, anyone. How did we end up with this many monopolies? Republicans? Nope. Democrats were in on it too. They made millions by risking the American people's heritage and freedom. All of them ignored the American people and gave to themselves.
VADERZ SCOWL (1 месяц назад)
I would love this legislation to pass but the system is so bad its like removing pee from the swimming pool. 😡
C Geer (1 месяц назад)
It was deliberate and the largest money/ land grab in the history of the US.
Seneca Brown (1 месяц назад)
Taylor Ferrera sings "I Hate Bank of America" and explains why at https://www.youtube.com/watch?v=2VAdLxxfIVo Banks Are Preparing For An Economic Catastrophe - Economic Report, Sep 13, 2018, https://www.youtube.com/watch?v=NwbrzhpciME&t=1876s Robert Reich: Trump's Bankers, May 1, 2017, https://www.youtube.com/watch?v=cLUZhJTU__s "How the Other Half Banks": Author Says America's Two-Tiered Banking System is a Threat to Democracy, Oct 30, 2015, https://www.youtube.com/watch?v=OAwZ7J8cVws Breaking up the Banks with Robert Reich, Feb 14, 2013, https://www.youtube.com/watch?v=X_uA6q7J2lk Bank of America (BAC) routinely denied qualified borrowers a chance to modify their loans to more affordable terms and paid cash bonuses to bank staffers for pushing homeowners into foreclosure, according to affidavits filed last week in a Massachusetts lawsuit. "We were told to lie to customers," said Simone Gordon, who worked in the bank's loss mitigation department until February 2012. "Site leaders regularly told us that the more we delayed the HAMP [loan] modification process, the more fees Bank of America would collect." In sworn testimony, six former employees describe what they saw behind the scenes of an often opaque process that has frustrated homeowners, their attorneys and housing counselors. They describe systematic efforts to undermine the program by routinely denying loan modifications to qualified applicants, withholding reviews of completed applications, steering applicants to costlier "in-house" loans and paying bonuses to employees based on the number of new foreclosures they initiated.” — John W. Schoen, CNBC, Bank of America Paid Bonuses to Foreclose: Lawsuit, CNBC.com, June 17, 2013 Regulation Helped Canada Banks Avoid Crisis, https://www.youtube.com/watch?v=ycQKnFMpPG0
Raymond Marti (1 месяц назад)
There is no end to their greed, something needs to cap it
Brent Showers (1 месяц назад)
Bernie 2020!
BK Bland (1 месяц назад)
Break them up and reinstitute Glass-Steagall.
Some One (1 месяц назад)
*This man has more stamina than the entire Congress!* *Sanders 2020*
jimmey dean hiya (1 месяц назад)
bernie,you gave up in 2016.
robert forsythe (1 месяц назад)
The same is true for fuel ⛽️. If we do not get off fossil fuel it will get rid of US. It might be to late now. Talk about the things to come, we’re are you going when Yellowstone BLOWS.
Rozalind Werner (1 месяц назад)
Greed SUCKS""
scowlistic (1 месяц назад)
Baby Bells and Seven Sisters
Greg Read (1 месяц назад)
Hillary Clinton -" I believe in a global economy and open boarders ". " I have a public policy and a private policy " this speech was given to Goldman Sachs and wall street power players. Bernie Sanders - " I support Hillary Clinton for president of the United States". Feel the burn. Lol
JL (1 месяц назад)
GO BERNIE 2020!!!
Barry Nichols (1 месяц назад)
Wall Street is fucking you over.
Line Walker Productions (1 месяц назад)
Fuckin' eh! Take 'em down!
krillin6 (1 месяц назад)
I'm pro FDR 2.0 !!! Who's with me!
Robert Preskop (30 дней назад)
I am firmly with you!
Kevin Ellington (1 месяц назад)
krillin6, we are going to need another Depression for FDR 2.0. We seem to be right on the path.
Boyd Gilbreath (1 месяц назад)
The truth is simple. It's all just a reality show. Scripted and rewritten daily. Drump trash talk is no more believable than the MSM! The only hoax is this entire swamp administration. The country was lost long ago. We are a country of laws, laws that have all changed to suit the oligarch agenda. Remember, BarfK IS IN, Mueller, Sessions, and Rosenstein are out. We just got a direct text line to the President. Only the President can use this. Every smart phone in the USA. Why?
BonerMaroner (1 месяц назад)
Trumpsters could care less about anything but money and if it cost them their morality so be it
Erik Schmunzeler (1 месяц назад)
I've been a libertarian for my entire adult life; yet Bernie has completely won me over
Edward Morley (1 месяц назад)
#FeelTheBern #BernieTulsi2020 #BernieNina2020 even #BernieLiz2020 not #Liz2020 shes my senator and I wish I could say yes I want her to run but she knows dapl, the military budget, fast tracking trumps judges eventho she wasn't up for reelection and now thinking of splitting the progressive vote for the establishment = #Tulsi #Nina not #Liz
Jack McCourt (1 месяц назад)
Another great peice of legislation! Bernie Sanders should also co-sponser The Accountable Capitalism Act
rezneba101 (1 месяц назад)
Stop fucking around, BUY AND USE *BITCOIN*
john Last (1 месяц назад)
Limiting the size of these banks is missing the point.  The charters of these banks which grant the exclusive monopoly on money creation to them alone must be revoked.  Money creation should be the supreme obligation of our governments.  Go to "positivemoney.com"  and learn how this all happened at the hands of banking lobbyists.
john Last (4 дня назад)
I wish you were correct but you are not.  The system the banks use does indeed create money and dollar for dollar they create debt to the borrowers.  The bailout was demanded because not to do so would have seriously impacted the banks' reserve account and that would never do.  With the only exception of metallic coin,  all money is created as debt when banks make loans.
WizardJohn (14 дней назад)
Banks create debt not money. If they created money they wouldn't have needed to be bailed out by the gov, which is the only issuer of money. Your statement that Banks have the right to create money is totally untrue and has no basis in fact at all.
Mrs. Troyer (1 месяц назад)
Thank you Senator Sanders.
Hildebrandt Zhor (1 месяц назад)
Seize them and forgive all the debts.
Guy Tetreault (1 месяц назад)
Soon the banks will try AGAIN to steal billions of $$$ from the people With the help of government Like they did in 2008 In far West time Cowboys used to STEAL Banks Now it is Banks who expertly steal from people ⚠
King Dre (1 месяц назад)
I'm 25, I recently was trying to purchase my first home, trying to get from under paying rent. These fuckers and their gambling have scree people in my age group. Know one would lend me nothing. Even on a fixer up. These banks are worse then trump voters.
Joey Sabin (1 месяц назад)
Wall Street will NEVER end its greed, and why should they when they've successfully completed a slow moving coup d'etat and now run the country outright.
Kyle D (1 месяц назад)
Don’t put your money in a big bank and don’t bail them out when they fail. The free market keeps everyone in line.
WizardJohn (14 дней назад)
NO such thing.
VoteGreen (1 месяц назад)
OBAMA bailed out the banks - Obama is a Republican! Obama did not look out for us! We are close to another crash....... #DemExit #DemExited
TruthSeeker2 (1 месяц назад)
I'm sure the oligarchy, fascists, and multinationals wouldn't like US to win. Bernie always working for US! Thanks Bernie Sanders!
Saddle Sore (1 месяц назад)
Greed, fraud, dishonesty, and arrogance, These are some of the words that best describe the reality of politician's, in Washington, in States, and in local municipality's.
krillin6 (1 месяц назад)
Wall Street and politics is practically synonymous now.
Lawerance Lanham (1 месяц назад)
The banks are why people are homeless. They are why people can't afford a ...home!! They're what keeps this country and everyone in it .... struggling to just live. This 30 year amortization bs is what needs to be smashed
Luke Ashton Ford (1 месяц назад)
Bernie is defo right these banks are disgusting they work for there shareholders and not the people. Break them up before they cause another crash we should never had bailed them out most of them should have been thrown in prison for fraud
Melanie S (1 месяц назад)
They are full of greed and we need Bernie s plan, if they think they're to big to fail then they should be to big to exist.
C L (1 месяц назад)
6 times as many homes in the US as homeless people. They are just sitting vacant owned by banks. The free market has failed yet again.
Rhonda Holland (1 месяц назад)
Break those bank up it breaks wall street they need to. Don't let the government. Pay their way out again cut them down for good
Clint Holmes (1 месяц назад)
Sanders doesn't just point out what is wrong with the world today. He offers solutions.
Hakura Chii (29 дней назад)
C Geer - You're under no obligation to like or appreciate Sanders, but you _really_ need to get past 2016. I find comments like yours frustrating because the idea of a third party just 'jumping in' & having a viable chance of success (no matter _who_ is running) is completely unrealistic right now, unfortunately. We all agree we need more than 2 parties, but our system is so built around those two that it's going to take a lot of work & political support to actually change it. Bernie (like everyone else) was looking at the big picture, & exactly how much worse that pic would be if Trump became President. Once he 'lost' (re: had stolen) his primary, the only option to *possibly* avoid that future was to support Trump's opponent regardless of his opinions of her personally. I don't see that as kissing anyone's ass, nor have I ever seen 'pride' as his motive for doing or not doing _anything._ He _barely_ lost, & it was because of that ridiculous 'rigging' by the DNC, he had nothing to be embarrassed or ashamed of as far as how far he got in the Democratic Presidential primaries on his first attempt.
C Geer (1 месяц назад)
Jason Rowe He’s not doing his job! He refused to go his own way via a third party and kissed democratic ass because he was afraid of failing and appearing weak “like Ralph Nader.”
Jason Rowe (1 месяц назад)
It's his job man! He's doing his job!! Doing it well!
Melanie S (1 месяц назад)
Bernie2020🔥for a better future⭐
krillin6 (1 месяц назад)
Dai Fox (1 месяц назад)
I just hope this is simple enough for most common folks to get. Wall Street caused the collapse and recession and they think we should let them risk the economy because they've learned their ways or we should just forget? In your case banks and bank owners... you're goddamn nuts for this and those who aren't in favor of this... you're either brainwashed or don't know exactly how this is a bad thing. Even though A LOT of you experienced the recession... Please go in favor of this bill Bernie wants!
Dai Fox (16 дней назад)
+Mark Gigiel There can be some bad forms of Socailism but for what Bernie and others are fighting for a is a Democratic Socialism. I think I've boiled down the word to simply meaning... someone who wants government programs that benefit the people and the government as a whole. ^^ That's my best guess and it's boiled down so it may be missing some aspects.
Mark Gigiel (16 дней назад)
Yes. For the many, not the few. So, why is Socialism a bad thing?
Dai Fox (1 месяц назад)
Sadly I think I can say the same... if you're in this situation I hope you also do what's best not only for yourself but your fellow Americans. For the many, not the few~
krillin6 (1 месяц назад)
The recession never ended for millions in this country.
Vincent Garcia (1 месяц назад)
Wtf is with the music tho, esp in the beginning?
TajMarie (30 дней назад)
Also, bring back Glass-Steagall!!
XenoVolt (1 месяц назад)
it's glass-steagall
Celeste Connor (1 месяц назад)
Bernie IS bringing back a new, improved Glass-Steagall. Watch other related clips on this channel.
Francis L Mayer (1 месяц назад)
YES! They need to study USAA and how it operates without noise since 1922 through the Great Depression with no issues. The culture of USAA has been very strict on ethics and morals. It is led by leaders that are highly regarded and are not Wall Street mentality, it is based out of Texas and does not have the love of money focus, it has and is forever service focused.
Rrosa Seconda (1 месяц назад)
I believe, from viewing other Sanders' videos and other reliable sources, that is close to what Sanders' & OUR Revolution is proposing here. See his "Banks are gambling with our money" (You Tube) I think the idea of an new, improved, Glass-Steagall (1932) is made plain in it.
1irustim (1 месяц назад)
Bernie sanders is truly inspirational
Emma Beverage (1 месяц назад)
1irustim, I do love most of what he says. Unfortunately, his follow through can be very disappointing. I have decided not to support this corrupt system, where it is even doubtful that your vote will be counted. I doubt that he will get the nomination to run because he does not carry the right bloodlines to be APPOINTED in our fake voting system. They could be using him to herd the sheep back into the party, just like they did last time. The solutions that he has been coming up with proves that these treasonous criminals in office know exactly what to do to make America work for all of us. Still if he continues to propose workable common sense solutions and actually gets positive results, I could be persuaded to rejoin the sheep, if he runs.
1irustim (1 месяц назад)
+Saddle Sore extremely shallow you are
Saddle Sore (1 месяц назад)
He not my type. Hate that NY accent!
Winston Shih (1 месяц назад)
It's time wall Street pays for rigging the economy for their benefit
Will Pack (15 дней назад)
And I do mean these young people wanted to be the characters played in the movie. They had no morals at all. Just wanted to get rich, do drugs, and screw prostitutes.
Will Pack (15 дней назад)
Remember when the movie "The Wolf of Wall Street (2013)" came out? I actually met many young people who idolized those actors and wanted to be just like them (in the movie). It was highly disturbing.
AlphaOmega (1 месяц назад)
I wouldn't hold my breath.
krillin6 (1 месяц назад)
They are so evil, and don't give a crap. They've convinced themselves they are a BENEFIT to the world. The 99% needs to take action.
Vocaloids (1 месяц назад)
I don’t recognize this man, but I like him. Anyone know who he is?
Vocaloids (1 месяц назад)
donHooligan I’d vote for him.
donHooligan (1 месяц назад)
he's our president. people just haven't realized it, yet.
Modem Mark (1 месяц назад)
*Young* *People!* -  THIS IS *YOUR* 1960's.  You are now living in a *transformational* time in the world.   . . .  I PROMISE YOU;  *YOUR* *TOUCH* *WILL* *CHANGE* *THE* *WORLD!!!*  The bad guys *("the* *.1%")* are trying to steal Your future; don't let them get away with it. There are millions and Millions and *MILLIONS* of *Us* standing up and fighting back, demanding reform and change from the corruption of Wall Street and their corrupt Corporate Congress; Bernie Sanders' message is the vanguard of the change that we (You) need.  Stand With Us!  *Stand* *With* *US!*  You will understand this if You inform yourselves.   Take 5 minutes out of your week; Inform Yourselves!!!  Go to Bernie Sanders' website. Go to FightForTheFuture .org.  Go to Citizen's Oversight .org.  Go to Thom Hartmann's website. Go to PatrioticMillionaires .org. Look into Dr. Richard Wolff. GET MORE and INFORMED PERSPECTIVES!!!  Because if you don't even know what your choices are, then You have NO CHOICES.  Inform Yourselves with knowledge and perspectives.  I lived through the the 1960's; right NOW, this is like the 1960's on STEROIDS!!!  You have a tremendous opportunity for change; Good *OR* Bad, as We are at a tipping point, and it's up to YOU.  Save Your Future. Spread the Word!  Tell your friends, your family, your co-workers... the time is *NOW:*    *GET*  *IT*  *ON!!!*
Laura Vescovi (1 месяц назад)
Love you Bernie💛
Video Archives (1 месяц назад)
the economy is still going to crash
C L (1 месяц назад)
+krillin6 no we just need to do a hell of a lot more than create "more competition for better customer service". Lol
krillin6 (1 месяц назад)
So we should just give up?
C L (1 месяц назад)
yup it's fucked
Cute Dark Arts (1 месяц назад)
Video Archives the point is to try and lessen the crash. Large banks that bankrupt can cause huge issues, but smaller banks won't cause those same issues.
uptick 888 (1 месяц назад)
Yes, Yes, Yes
Generic_Disney _Antihero (1 месяц назад)
That, or Socialize them.
John Bliss (1 месяц назад)
We actually had no Fed for quite a while in the United States. Maybe for about 100 years or so. Government printed the money backed by gold.
krillin6 (1 месяц назад)
How? They own the govt.
Erik Wolowitz (1 месяц назад)
When we bailed them out, they were socialized. Only we got the debt and none of the profits.
Jack McCourt (1 месяц назад)
Very good solution. Increasing workers stakes in companys, even big companys, makes the companys more accountable to their community(the entire United States in this case) and their employees. Elisabeth Warren's plan to compel large corporations to hold small elections to elect their board members is a perfect peice of legislation. It costs taxpayers 0$ and its called the, Corporate Accountability Act. EDIT: Its actually called, The Accountable Capitalism Act
C L (1 месяц назад)
Ikr. More competition? Competition is what lead many of them into unethical practices in the first place.

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